Retail & Restaurant Space
Ideal for Owner-User or Investor
7,041 Square Foot Building
20,737 Square Feet of Land
Sold for $2,100,000
Paley Commercial Real Estate is proud to announce the Sale of 481 High Street. The shopping center is comprised of six (6) commercial retail spaces including a full-service kitchen. The majority of the tenants are on month to month leases making the property ideal for an Owner-User or an investor looking to re-position the property. The building is in great overall condition, with the prior Landlord recently having replaced the roof and hvac units. The property is located at the Northwest signalized corner of High and Spring Street.
Jon Paley was able to close escrow with an Owner-User in 60 days. The buyer qualified for a SBA loan with only 10% down. The property was sold for $2.1 M or $300 psf. If you are interested in purchasing a property for your business or are an Owner inquiring about Selling, please reach out to our Woodland Hills office.